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Transactions: 1/29/07-2/2/07
Transactions in the third week of January topped 575M in value, which coincidentally was the basic value of the sale of the New York Times television group. This week, trading approached 550M, and it was a remarkable total since there was no television action at all. A big three-market swap between Bonneville and Entercom was responsible for an estimated 500M of that, and another Times transaction, the long-pending 40M LMA/acquisition of WQEW-AM New York by ABC, was finally filed at the FCC.
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Total |
Mkts 1-50 |
Mkts 51-100 |
Mkts >100 |
Unrated
|
| AMs |
8
|
3 |
1 |
0 |
4 |
| FMs |
18
|
8 |
0 |
5 |
5 |
| TVs |
0
|
0 |
0 |
0 |
0 |
| Total |
26 |
11 |
1 |
5 |
9 |
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Type of deal
|
Deals |
Stns |
Value
|
| Radio, 1 mkt |
7
|
14 |
293.67M |
|
TV, 1 mkt
|
0 |
0 |
$0
|
|
Rad-TV, 1 mkt
|
0 |
0 |
$0
|
|
Radio, multimkt
|
2 |
12 |
252.5M |
|
TV, multimkt
|
0 |
0 |
$0
|
|
Rad-TV, multimkt
|
0 |
0 |
$0
|
| Totals |
9 |
26 |
546.17M |
©2007 Radio Business Report, Inc. All rights reserved.
TV Deal of the Week
Winter hibernation continues
Radio Deal of the Week
Swap meet affects three big markets
Bonneville gets KIRO-AM, KTTH-AM & KBSG-FM in Seattle and WKRQ-FM, WUBE-FM, WSWD-FM & WYGY-FM in Cincinnati. Entercom gets KDFC-FM, KMAX-FM & KOIT-FM in San Francisco, and 1M dollars (and still has stations in Seattle). It's essentially a tax-free like-kind exchange. We estimate its value at 250M each way.
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©2007 Radio Business Report, Inc. All rights reserved.
Radio Business Report -- 2050 Old Bridge Road, Suite B-01, Lake Ridge, VA 22192 -- Phone: 703-492-8191
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